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-The Table Above Has the Domestic Demand and Domestic Supply

Question 24

Multiple Choice

-The table above has the domestic demand and domestic supply schedules for a good. If the world price of the good is $10 and international trade occurs, then, according to the table, A) domestic production is higher before trade than after trade. B) the country exports 6 units a day. C) the country imports 6 units a day. D) the country imports 16 units a day. E) the country exports 22 units a day.
-The table above has the domestic demand and domestic supply schedules for a good. If the world price of the good is $10 and international trade occurs, then, according to the table,


A) domestic production is higher before trade than after trade.
B) the country exports 6 units a day.
C) the country imports 6 units a day.
D) the country imports 16 units a day.
E) the country exports 22 units a day.

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